Palm Springs, FL
Population 26,871 · Florida
About Palm Springs, FL
Palm Springs is a mid-sized city located in Florida with a population of 26,871 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,602 per year, which is 21% below the national median of $75,149. The median age of 37.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Palm Springs features a median home value of $234,500, which is 4% below the national median of $244,900. This positions Palm Springs in a moderately priced market relative to the rest of the country. Median monthly rent is $1,597, 37% above the national average of $1,163/month. Of the 9,822 total housing units, 47% are owner-occupied (4,135 units) and 53% are renter-occupied (4,592 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Palm Springs shows an unemployment rate of 6.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.4%, above the national average of 12.4%. Workers in Palm Springs have an average one-way commute time of 26.4 minutes.
Education & Demographics
15.9% of Palm Springs residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 11.6% White, 1.5% Hispanic or Latino, 4.4% Black or African American, and 28.6% Asian residents, with 51.9% of the population being foreign-born.
Cost of Living in Palm Springs, FL
Compared to national averages, Palm Springs has a median household income of $59,602 (21% below the national median of $75,149). Home values average $234,500, which is 4% below the national median. Monthly rent at $1,597 is 37% above the US average of $1,163. Within Florida, Palm Springs's income is 21% below the state average of $75,893, and home values are 34% below the state median of $353,675.
Why Live in Palm Springs, FL?
Palm Springs offers affordable housing with a median home value of $234,500, below the US average of $244,900.
Potential considerations include median household income ($59,602) that falls below the national average. However, Palm Springs’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palm Springs has a population of 26,871 with a median age of 37.8 years. Compare Palm Springs with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Palm Springs
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Leisure City | 26,917 | $48,640 | $333,100 | Compare |
| Temple Terrace | 26,922 | $65,756 | $306,200 | Compare |
| Lutz | 26,731 | $114,516 | $451,800 | Compare |
| Keystone | 26,723 | $155,365 | $604,800 | Compare |
| Palm River-Clair Mel | 26,719 | $62,976 | $244,100 | Compare |
| Wright | 27,233 | $67,077 | $270,700 | Compare |
| Venice | 26,467 | $74,340 | $381,400 | Compare |
| Silver Springs Shores | 27,556 | $60,543 | $181,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Palm Springs With Other Cities
Frequently Asked Questions about Palm Springs
What is the population of Palm Springs, FL?
The population of Palm Springs, FL is 26,871 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Palm Springs?
The median household income in Palm Springs, FL is $59,602 per year, which is 21% below the national median of $75,149.
What is the median home value in Palm Springs?
The median home value in Palm Springs, FL is $234,500, which is 4% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Palm Springs?
The median monthly rent in Palm Springs, FL is $1,597, which is 37% above the national average of $1,163/month.
What is the unemployment rate in Palm Springs?
The unemployment rate in Palm Springs, FL is 6.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Palm Springs, FL a good place to live?
Palm Springs offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 26,871 and a median age of 37.8, the city appeals to a broad range of residents.
How educated is Palm Springs, FL?
15.9% of residents in Palm Springs aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Palm Springs?
Key cost-of-living indicators for Palm Springs, FL: median home value is $234,500 (4% below national), median rent is $1,597/month, and median household income is $59,602. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Palm Springs?
The poverty rate in Palm Springs, FL is 12.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Palm Springs, FL?
Palm Springs's population is 11.6% White, 1.5% Hispanic or Latino, 4.4% Black or African American, 28.6% Asian, and 12.4% two or more races. 51.9% of residents are foreign-born.